International Business Machines Corporation

New York Stock Exchange
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Somewhat Bullish +45

Apollon Wealth Management LLC Has $27.51 Million Stock Position in ...

📈 Apollon Wealth Management LLC increased its IBM stake by 24.3% in Q1, now holding 113,487 shares valued at $27.5 million.

🏦 Norges Bank established a new position in IBM worth approximately $2.4 billion during the fourth quarter.

📊 Capital World Investors lifted its IBM stake by 29.2%, adding nearly 5 million shares to its portfolio.

🚀 Price T Rowe Associates Inc. grew its IBM position by 83.4% in Q4, acquiring over 2.5 million additional shares.

📉 Corient Private Wealth LLC significantly increased its holding by 359.6%, bringing total ownership to roughly $561 million.

🛡️ Vanguard Group Inc. slightly increased its IBM stake by 1.5% in the fourth quarter.

📊 Institutional investors and hedge funds collectively own 58.96% of International Business Machines Corporation's stock.

💰 IBM declared a quarterly dividend of $1.69 per share, raising the annualized yield to 2.5%.

📈 Analyst consensus currently rates IBM as 'Moderate Buy' with an average target price of $306.94.

📉 Recent analyst actions include a downgrade to 'peer perform' by Wolfe Research and a cut to 'hold' by Weiss Ratings.

💵 IBM trades at a P/E ratio of 23.99 with a market capitalization of $255.05 billion.

📉 The stock currently trades above its 50-day moving average but remains below its 200-day moving average.

Bullish Signals
  • Apollon Wealth Management LLC increased its stake in IBM by 24.3% during the first quarter, signaling continued institutional confidence.
  • Norges Bank acquired a new position in IBM worth approximately $2.4 billion during the fourth quarter.
  • Capital World Investors lifted its stake in IBM by 29.2% in Q4, adding nearly 5 million shares to its holdings.
  • Price T Rowe Associates Inc. grew its position in IBM by 83.4% in the fourth quarter, acquiring over 2.5 million additional shares.
  • Corient Private Wealth LLC increased its IBM stake by 359.6% in Q4, demonstrating strong bullish sentiment from a private wealth firm.
  • Vanguard Group Inc. increased its stake in IBM by 1.5% during the fourth quarter, adding over 1.4 million shares.
  • IBM recently declared a quarterly dividend of $1.69 per share, representing an increase from the previous quarter's payout.
  • The company maintains a strong balance sheet with a market capitalization of $255.05 billion and a P/E ratio of 23.99.
Risk Factors
  • Weiss Ratings cut IBM from a 'buy' rating to a 'hold' rating in a recent report.
  • Wolfe Research downgraded IBM to a 'peer perform' rating in a research report released on June 23rd.
  • IBM's stock price is currently trading below its two-hundred day moving average of $266.96.
  • The company has a quick ratio of 0.76 and a current ratio of 0.80, indicating liquidity levels below 1.0.
Full Analysis
Apollon Wealth Management LLC increased its stake in International Business Machines Corporation (IBM) by 24.3% during the first quarter, holding 113,487 shares valued at approximately $27.5 million. This move was part of a broader trend among institutional investors who adjusted their positions in IBM stock during the fourth quarter, with Norges Bank establishing a new position worth roughly $2.4 billion and Capital World Investors lifting its stake by 29.2%. Other major shareholders including Price T Rowe Associates Inc., Corient Private Wealth LLC, and Vanguard Group Inc. also increased their holdings in IBM during the same period. Collectively, institutional investors and hedge funds own nearly 59% of the company's outstanding stock. The article provides detailed share counts and valuation figures for these top holders, highlighting significant accumulation activity from both large asset managers and private wealth firms. IBM's financial metrics show a market capitalization of $255.05 billion with a P/E ratio of 23.99. The company recently declared a quarterly dividend of $1.69 per share, representing an increase from the previous quarter and yielding 2.5% annually. Analyst consensus currently rates IBM as a 'Moderate Buy' with a target price of $306.94, though recent ratings have varied between buy, hold, and peer perform classifications from major research firms. The technology giant operates in cloud computing, software, infrastructure, consulting, and R&D sectors. Its stock has traded between a twelve-month low of $212.34 and a high of $332.46, currently trading above its 50-day moving average but below its two-hundred day average. The report aggregates data on institutional ownership changes, analyst ratings, and key financial ratios to provide an overview of IBM's current market standing.